PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

PennantPark Floating Rate Capital reports solid Q4 performance and growth

PennantPark Floating Rate Capital delivered solid performance in Q4 2024 with growth in core net investment income and portfolio size.
The company's focus on core middle market lending, balanced capital structure, and prudent risk management are key strengths.
While facing challenges such as tightening market yields and NAV decrease, there are opportunities to optimize returns and further diversify the portfolio.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Many investors are seeking high-yielding stocks and bonds, leading to the popularity of ultra-high yield investments, which can have hidden risks. Business development companies are attractive due to high yields and often below 1X beta levels. PennantPark Floating Rate Capital, a popular BDC, has had solid returns but experienced a significant loss in 2020, highlighting the risks involved.

PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising

The latest trading day saw PennantPark (PFLT) settling at $11.25, representing a +0.45% change from its previous close.

PennantPark (PFLT) Increases Yet Falls Behind Market: What Investors Need to Know

Alliance Resource Partners

AT&T

Dividend stocks have vastly outperformed non-payers over the previous half-century. Although no two dividend payers are cut from the same cloth, proper vetting can uncover some incredible high-octane income stocks.

Want $1,000 in Super-Safe Dividend Income in 2024? Invest $9,750 Into the Following 3 Ultra-High-Yield Stocks

AGNC Investment

Modiv

History is a great teacher. Looking back on the stock market's last 100 years, we find dividend investing beats all other stocks.

Income Stream Giants: 3 Ultra High-Yield Dividend Stocks to Pay Your Monthly Bills

ARMOUR Residential REIT

Blackstone Mortgage Trust

Dynex Capital

FS KKR Capital Corp

Gladstone Investment

Golub Capital BDC

Main Street Capital

MidCap Financial Investment Corp

Annaly Capital

Blue Owl Capital Corp

Oaktree Specialty Lending

Orchid Island Capital

PennyMac Mortgage Investment

Prospect Capital

Ready Capital Corp

Solar Capital

TCP Capital

Triplepoint Venture Growth BDC

Two Harbors Investment

Several high yielders are in danger. Some dividends are at risk. For others, it is primarily valuation. Why is taking gains so unpopular?

12% To 18% Dividend Yields In Danger

Innovative Industrial Properties

Dividend stocks have more than doubled up the annualized return of non-payers over the past half-century. Though investment risk and yield tend to correlate, rock-solid high-yield dividend stocks with jaw-dropping yields can be found.

Say Hello to the 3 Ultra-High-Yield Dividend Stocks I'm Counting On to Make Me Richer

PennantPark (PFLT) reachead $11.78 at the closing of the latest trading day, reflecting a -0.25% change compared to its last close.

PennantPark (PFLT) Stock Slides as Market Rises: Facts to Know Before You Trade

Ares Capital

British American Tobacco

Medifast

MPLX

Nu Skin Enterprises

OneMain Hld

This company is a high-yielding Business Development Company (BDC) paying a massive 9.41% dividend.

7 ‘Strong Buy' Ultra Dividend Leaders To Grab Before It's Too Late

PennantPark Floating Rate Capital's stock price has recently surged, but I believe it is not sustainable. I predict that floating-rate-focused BDCs will struggle to generate positive net interest investment income and dividend growth in a falling-rate environment. I suggest selling PennantPark stock due to the current rate of price growth and the potential challenges ahead.

PennantPark Floating Rate Capital: Time To Sell This 10% Yielding BDC (Downgrade)

Ellington Financial

EPR Properties

Gladstone Land

LTC Properties

Realty Income Corp

In the realm of smart investing, safeguarding your portfolio while ensuring a steady flow of income is paramount. This is where monthly dividend stocks shine, especially in the dynamic fiscal landscape of 2024.

Income on Autopilot: 7 Monthly Dividend Stocks to Buy for Stability

Fortitude Gold Corp

Irrespective of whether you are a dividend investor, a growth investor or a value investor, you may be curious as to what the best monthly dividend stocks are for 2024. Given the current macro backdrop, there are many opportunities among stocks that pay monthly rather than quarterly dividends.

The 7 Best Monthly Dividend Stocks: 2024 Edition

MIAMI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2023 on Wednesday, February 7, 2024 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of First Fiscal Quarter 2024 Results

Dividend stocks have handily outpaced the annualized returns of non-payers over the past five decades. Although high-yield stocks come with added risk, rock-solid income stocks with premium yields can be found.

Want $100 in Super Safe Monthly Dividend Income in 2024? Invest $11,925 Into the Following 3 High-Yield Stocks.

Altria

Companies initiating and growing their dividends have crushed non-payers in the return department over the past half-century. Although high-yield stocks come with added risk, proper vetting can uncover some true gems.

3 Ultra-High-Yield Dividend Stocks That Are Screaming Buys in 2024

Ares Capital is a business development company offering a huge dividend yield of 9.7% at recent prices. PenantPark Floating Rate Capital makes monthly dividend payments and offers a 10.3% yield at recent prices.

3 Phenomenal High-Yield Dividend Stocks to Buy Hand Over Fist in 2024 and Hold Forever

Gladstone Capital

Howard Marks and the top tier credit rating agency Fitch are extra cautious about BDC prospects going into 2024. The key risks are associated with the aggressive growth at the expense of relaxed investment underwriting standards that could intensify the losses in case of slowing economy.

Billionaire Howard Marks Warns Of BDC Crunch: 2 Names To Navigate This In 2024

PennantPark Floating Rate Capital is a conventional BDC focused on generating high-yielding income and NAV appreciation. PFLT has a conservative investment strategy, prioritizing capital preservation and strong cash flows from sponsor-backed companies. The portfolio consists mainly of first lien investments and has a diversified industry exposure, reducing exposure to speculative industries.

PFLT: This BDC Yields Above 10% Despite The Conservative Characteristics

PennantPark (PFLT) closed the most recent trading day at $11.85, moving +1.28% from the previous trading session.

PennantPark (PFLT) Surpasses Market Returns: Some Facts Worth Knowing

Pfizer

Verizon

Dividend stocks have a storied history of handily outperforming companies that don't offer a payout. An assortment of five high-yield, cash-flow juggernauts are ripe for the picking as we get ready to open the curtain on 2024.

5 of the Safest High-Yield Dividend Stocks to Buy for 2024

Providing consumers and businesses with high-speed internet connections creates steadily growing cash flows for AT&T to share with investors. PennantPark Floating Rate Capital is a successful business development company that offers a huge 10.3% yield at recent prices.

Want to Gain $1,000 of Annual Dividend Income in 2024? Invest $11,930 in These Unstoppable, High-Yield Dividend Stocks

Horizon Technology Finance

Dividend stocks have an extensive track record of outperforming non-payers over long periods. Although high-yielding stocks can occasionally be trouble, proper vetting can turn up some true gems.

Want $200 in Monthly Dividend Income in 2024? Invest $27,000 in This Ultra-High-Yield Trio

PennantPark Floating Rate Capital is a business development company that lends money to privately held companies. PennantPark has lagged behind the BDC industry in the past year and year-to-date but has outperformed them in the past month and quarter. PennantPark's portfolio consists of $1,067.2M, with 100% floating rate investments primarily in 1st lien secured debt.

PennantPark Floating Rate Capital: Strong Fiscal Q4 Earnings

Dividend stocks have crushed non-paying companies in the return department over multiple decades. Though some ultra-high-yield stocks can be trouble, proper vetting can unearth true diamonds in the rough for income seekers.

3 Unrivaled Ultra-High-Yield Dividend Stocks Begging to Be Bought in December

Stocks that pay dividends deliver higher overall returns than stocks that don't. Stocks that offer especially high yields can be dangerous but these three are in better shape than their high dividend yields suggest.

Want to Gain $500 in Annual Dividend Income? Invest $5,460 in These 3 High-Yield Dividend Stocks.

Treasury bond yields have soared in 2023, with short- and long-term Treasury debt securities yielding around 5%. Although Treasury bonds are exceptionally safe, proper vetting can uncover ultra-high-yield stocks with superior -- and safe -- income potential.

Want More Than Double the Yield of Treasury Bonds? These 3 Ultra-High-Yield Stocks Offer Super Safe Dividend Income

News for PennantPark Floating Rate Capital ETF (PFLT)